Shares in China Evergrande were removed from the Hong Kong Stock Exchange on Monday, marking another step in the retreat of the giant real estate developer whose downfall contributed to a prolonged crisis in China's property market.

Chinese property giant Evergrande was removed from the Hong Kong Stock Exchange on Monday, more than a year after the city's court ordered the indebted real estate developer to be liquidated.

China's embattled property sector took a major blow after China Evergrande, one of its flagship developers, was ejected from the Hong Kong stock exchange.